Student Loan Refinancing Breakeven Calculator
Should you refinance your student loans? Compare total costs and find the month where refinancing starts saving you money.
This calculator models fixed payments, not income-driven repayment or forgiveness. Review federal trade-offs, Juno’s October announcement, and free counseling before comparing quotes.
Current Loan
Refinancing Terms
Current Protections
Detailed Comparison
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Compare refinance offers from several lenders through Juno. Joining is free and doesn’t affect your credit score; applying with a lender may.
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Should Physicians Refinance Student Loans?
Refinancing makes sense when you can secure a meaningfully lower interest rate and don't plan to pursue PSLF. Attending physicians with stable income and strong credit often qualify for rates 2-4% lower than their federal loan rates.
However, refinancing converts federal loans to private loans, which means giving up income-driven repayment plans, PSLF eligibility, and federal forbearance protections.
This calculator uses standard amortization formulas. Actual rates and terms depend on your credit profile and lender. Not financial advice.